We strive to decrease our fossil CO2 emissions where possible. We endorse the emission reduction targets defined in the EU ETS Directive post 2012.
We are committed to reducing our CO₂emissions relative to production by 20% between 2005 and 2020.
Our overall energy production from the use of biomass has increased by 12% since 2009. This improvement is the result of our most recent investments in biomass boilers in Europe and Latin America. We will continue to invest in these projects when and where economically viable. CO2 reductions are progressively taken into account in investment decisions.
The internal study we started in 2010 to produce an overview of all (theoretical) possible savings on energy needs and fossil CO2 emissions per mill has now covered all our European and Latin American paper mills and will be concluded this year with an analysis of our board mills.
The total list of energy and CO2 saving opportunities resulting from this study will form the basis for energy and CO2 reduction related investments in the coming years. Most identified projects to reduce energy use and fossil CO2 emissions are part of larger investments which will be executed depending on their economic feasibility.
Examples of projects related to CO2 reductions can be read in our Sustainable Development Report.